Business insurance ranges from
Relevant life insurance – a fully comprehensive life insurance, for yourself, family and staff with the benefits of having 100% corporation tax relief applied to it.
Business Protection insurance – If you’re a limited company owner, your business faces many different types of risk. Which could subsequently lead to its undoing.
One of the main forms of risk is the death or illness of yourself or a key business partner.
Even if they don’t die, they could suffer from serious illness or disablement. Or you yourself could become sick and unable to work.
Key Man – The success of almost all SMEs depends on a few key people. And so, if you have a practice, it’s no different.
The sudden loss of a key person will have dire consequences for everyone’s future.
A key person doesn’t always have to be the business owner, either. It could include anyone who works for you. So long as they have specialist skills or knowledge, it may be something you should think about.
Shareholder Protection – Let’s say your business partner dies suddenly and your company is without a succession plan. Your partner’s business interest will pass on to their estate. Which, nine times out of ten, usually means their family.
Your deceased partner may be their family’s main provider. In the event of their death, the family will then face a new financial future. One that will be full of pressures. Which then means they’ll have one of two choices to make.
